Research Report Detail

Credit Suisse downgrades TTK Prestige to underperform

Credit Suisse has downgraded TTK Prestige to "underperform" with a target price of Rs 4,260. Revenue growth remains weak for TTK Prestige. GST could be an additional risk for TTK. FY17 guidance also not very strong despite pick up in July. We cut FY17-18 earnings estimates by around 9-13 per cent.